Money comes in from five places. One number for how you’re doing.
Bank transfer, Paystack, POS, cash deposits, occasional cheques — Nigerian SMEs collect everywhere. If you only watch the main account, you are flying half-blind.
- Do not count Paystack and the bank settlement twice.
- Match POS batch deposits to daily till totals.
- One trusted “money in” total per month, then split by channel.
Blessing runs a fashion retail shop with a storefront in Surulere and an Instagram storefront. Customers pay by transfer, card on Paystack, POS at the counter, and sometimes cash she deposits on Saturdays. Every channel is legitimate. None of them alone tells her how June is going.
Total money in, split by channel — one month, one screen.
The channels that double-count you
Paystack settles to your bank. If you count the Paystack dashboard and the bank credit, you have counted the same sale twice. POS settlements often arrive T+1 with a lump sum — not per receipt. Cash deposits need a log or they vanish into “general income.”
- Paystack / Flutterwave: log the sale on invoice; bank line is settlement, not new revenue
- POS: match batch deposits to daily takings
- Direct NIP: tie to invoice or walk-in sale same day
- Cash: deposit with a note; log before the teller window closes
Weekly inflow check (15 minutes)
- Import or review bank CSV for the week
- Mark Paystack settlements — link to invoice batch
- Reconcile POS lump sums to your till summary
- Log cash deposits with date and source
- Compare total inflows to what you expected from sales
Settlements tagged — not mystery credits sitting unmatched.
Pulse shows what left after inflows — spend by category, not guesswork.
See all inflows in Business Buddy — Bank CSV · match Paystack and POS lines